Market profile Classroom
I am introducing a new link for the study material and the questions you may have. This link you will find on the Right hand side under the twitter and “subscribe to” option. Please send your questions directly under this header: Sending across a power-point presentation on Market profile. I am not the original author […]
Estimates for today
Those who followed out positive bias call from Friday afternoon should be a happy lot, by this morning. We are at 5000 Nifty spot levels at the time of this post. I see a possibility of a move down to 4954 Nifty spot, from where buying should re-emerge back to these levels and more. Alternatively […]
Housekeeping/ Next week Nifty
I am just returning to my inbox after a two day hiatus from the markets and am overwhelmed with the volume of mail I have received for the newsletter and the market profile study material. To those who have written to me about their views, I will respond to each and every query of yours. […]
Estimates for 21st may
Our reference level of 4887 will come into play and be a decider for moves in the Nifty. Trend is 4825-4887 for the day. However a cross over above 4887 can bring 4925-4955. Trade accordingly. ——————————————————————————————–10.32 4887 is the pivot around which most of the action has occurred in the past one hour.It’s tricky call […]
Update
I’ve had a delayed start to my day today… From the comments posted, I presume that there is a problem with Blogger, so I hope all goes through well. Anyways I’ll keep posting the market action as I see it from now on. ——————————————————————- 11.34 Description : Buy Axis bank Cost : 1197Sl : 1187Target […]
Are Bears in controll ?
The 200 day average is considered to be the defining average for bulls and bears. How often have you heard the saying : Bulls live above 200 dma and bears below the 200 day? Is this right ? Maybe. Years back I learn’t that if you trade with a tool that everybody uses, there are […]
Estimates for today
The action this morning is between 4987 and 5020 levels we have discussed often from early this week. The gap down open has come in contrast to the close yesterday, quite simply because it is outside of range and value. This points to the presence of inter-mediate term selling activity which does not give me […]
Closing Comments
Another good day in the office. The market held through the 5020-5072 range and with 3 minutes to go looks like we will close at POC in the NF.This puts the train on track for 5135 which we discussed in the morning. Values being created today were 5088-5065-5042, though we will have some minor adjustments […]
Trade Update : Bank Nifty ( 9575)
At target 1 and a 100 points up in 80 minutes ! Let’s keep riding it. Bring Sl now to 9530. Trade is safe. .
Trade Update : Bank Nifty ( 9535)
I suggest booking partial profit at 9535 levels and bringing SL of the remaining to 9495. Reasoning : SBI and Nifty are both fighting resistance and we can happily pocket the 60 points we have got in the trade in an hour’s time and play it safe. .